Anything that is generally accepted as a standard of value and a measure of wealth in a particular country or region.
Intermediary used in trade to avoid the inconveniences of a pure barter system.
1But it's not a currency, although it is a medium of exchange.
2But there remains the first function -as a medium of exchange.
3Heads are a medium of exchange, and white heads are extremely valuable.
4Wampum was therefore enthusiastically adopted by the Pilgrims as the medium of exchange.
5The shekel and the maneh were the only medium of exchange.
6The exact medium is specie, the recognized medium of exchange the world over.
7Malleable, divisible, indestructible, rare, it is the indispensable medium of exchange.
8They are of no value except as a medium of exchange.
9The payment was occasionally in kind, but money was the usual medium of exchange.
10Used in Siberia and Mongolia, where it also serves as a medium of exchange.
11In those days live stock were used as a medium of exchange, or money.
12Silver, which was the general medium of exchange in Persia, must have been especially plentiful.
13Cattle and slaves (from the word "slav") were the usual medium of exchange.
14But its more prosaic prime function, economists tell us, is as a medium of exchange.
15Every one likes to think that money is only a medium of exchange for labor.
16We have heard endless discussions as to the nature of the future medium of exchange.
Translations for medium of exchange